Whiskey.
Tango.
Foxtrot.
Read this now.
The guy writing it makes some of the players out to be more heroic than they really are. Shorting a market you find reprehensible is full participation in reprehensible activity.
Still, a fascinating peek into what happened. This also explains some of what these financial instruments actually are. Which is a terrifying realization.
Regulation cannot come too soon, but I suspect nothing will actually happen.
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